If and when self-driving cars become the norm, their effect on the economy and life in general will be enormous and far-reaching. Since 90%+ of car accidents are caused by human error, there will be a huge immediate reduction in injuries, death, and property damage from fewer accidents. The average commuter spends over 25 minutes…

New Your City taxi medallions appreciated for years and traded for over $1 million at their peak. Other cities’ medallions weren’t worth nearly as much, but still were a great store of value and a great income generator for companies that owned them and leased them out to drivers, financed them, or sold them to other drivers…

A quick overview…..many cities limit the number of taxis that are allowed to pick up customers and earn fares. They do this by issuing a limited number of taxi medallions. The medallions, typically mounted to the hood of your cab, give you permission to operate your cab business. You own the medallion and can sell…

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